high soybean oil refinery plant for market

                                               
                                               
                                               
                                               
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  • Will CHS expand its soybean oil refining plant?
  • The work is expected to be complete by late summer 2023, and then CHS projects a 35% increase in annual refined soybean oil production. MARKET DEMAND: CHS officials say the expansion of its Mankato, Minn., soybean oil refining plant will increase production by more than 35% and will help meet growing global oil demand. Paula Mohr
  • What is the global soybean oil market size?
  • The global soybean oil market size was USD 51.23 billion in 2023 and is projected to grow from USD 52.86 billion in 2024 to USD 68.42 billion by 2032, exhibiting a CAGR of 3.28% during the forecast period.
  • Why were soybean oil prices so high in April 2022?
  • Record-high soybean oil prices were scored in April 2022 as the market feared supplies would decline to near zero. We note that renewable diesel production margins were still positive despite soybean oil prices of $.80 per pound. However, high prices tend to cure high prices. U.S. soybean oil exports were shut off completely.
  • How did soybean oil affect the biofuel market?
  • The U.S. became a net importer of vegetable oils ? used cooking oil in particular ? and soybean oil was forced to share the biofuel market with waste oils and animal fats. Soybean oil in January accounted for only 31% of total biofuel production. Soybean oil’s share collapsed, while the use of animal fats exploded.